Home loan amount can be increased or decreased prior to disbursal of the loan. In a lot of cases, customers first get their approval done so they know how much loan they can get. This enables them to work backwards to find a property within their budget. Sometimes a lesser amount is required if the customer opts for a low priced property. Home loan amount can be increased if the customer has the income eligibility and decides to opt for a more expensive property after the loan is sanctioned. However, there may be additional fees charged for increasing the loan amount.
Yes - the home loan amount can be increased or decreased after post sanction but pre-disbursement you can decrease the loan amount. Increase of loan amount is only possible subject to loan eligibility as decided by the lender.